By Jerry Leung
A healthy financial status means that one is debt free, and at the same time one can save some money each month. Of course one should also reserve some money for investment every month. However, do you know how you can attain this status?
In fact, it is worth working a little bit in order to become financially healthy. At least there is no point to make yourself in debt. As a matter of fact it is not easy for one to do this. Yet there are some steps you can take in order to become financially healthy.
First of all, it is about the debt. It is not really easy to have a totally debt free life. Having a mortgage should be alright as long as you are able to pay for it every month. However, you should avoid other debts such as credit card debts. You should never use the cards if you know you cannot pay it off within the grace period. A lot of people are in credit card debt nowadays and you should try your best to stay away from this kind of debts.
You should also try to keep track of your expenses. Most experts will advise you to create a spending log. In fact it is always a good idea to do so. This is even more important if you are a person who loves to use credit cards. Since you will only get your statement once a month. You may spend more than you expect if you do not keep track of your purchases with the cards. Whenever you pay with your credit cards, you should drop a note. You should try to calculate the total purchasing amount with your cards. This will remind you so that you will not be out of your personal budget.
It is also important for you to understand your sources of income. This is done so that you will know the total amount you can make every month. Of course you will also try to write down the regular expenses so that you know how much will be left. Remember to include the amount of money to be saved, as well as the amount for investment. It is recommended that you save at least 5% of your income. And it is always a good idea to reserve another 5 to 10% for investment.
If you can follow the above steps, you will find that you can have a healthy personal financial status easily!
Article Source: http://www.articlehighlight.com
The author has great interest in finance. You can check his blog on Personal Finance. Be sure to check Making Money with Global Forex and Applying Credit Cards.
April 20, 2008
April 10, 2008
Expenses on Education - Money Saving Tips
By Jerry Leung
It is very common for college student to take student loans. However, one problem of this phenomenon is that the students will be in debt once they leave the college. As we all know, it is always good to have a debt free life. Yet it seems that it is quite impossible to do so if we are in debt once we graduate.
The fact is that it is also quite impossible for college students to stay away from the loans. However, a student should try to find ways to borrow less so that they can have an easier life after they leave school. Here are some tips for these students.
The first thing a student should do is to look for scholarships. You may think that scholarships are only for a few people and most students will not be able to get it. It is true that it will be ridiculous if every student can have a scholarship. However, you should try to at least apply for them. You should try to find scholarships available. You should also need to make sure that you are qualified to apply for it otherwise it will be just a waste of time.
If you can afford the time, you should take a part time job. The nature of the job is not an issue as long as it is not something illegal. It will be a good idea to have a part time job to fund your education. However, you will need to have a balance between your time for working and studying. You should try to focus on studying instead of working. You have to always remember that you are just working in order to fund your education.
However, during the summer vacation, you should work harder so that you can have more fund for your education after the vacation. There are students who are reluctant to take any summer job but you should not be like that if you would like to make your debt burden smaller after you leave the college.
If possible, the last thing you should do is to try to find a less expensive college. In most cases how much you learn does not have any correlation with how much you pay for the education. However, we usually have our own preference for colleges. As a result, you may not consider this method unless it is totally impossible for you to fund your education.
Article Source: http://www.articlehighlight.com
The author has great interest in finance. You can check his blog on News Finance Forex and Debt Management. Be sure to check Credit Cards with Cash Rebate and Top Five Forex Trading Tips.
It is very common for college student to take student loans. However, one problem of this phenomenon is that the students will be in debt once they leave the college. As we all know, it is always good to have a debt free life. Yet it seems that it is quite impossible to do so if we are in debt once we graduate.
The fact is that it is also quite impossible for college students to stay away from the loans. However, a student should try to find ways to borrow less so that they can have an easier life after they leave school. Here are some tips for these students.
The first thing a student should do is to look for scholarships. You may think that scholarships are only for a few people and most students will not be able to get it. It is true that it will be ridiculous if every student can have a scholarship. However, you should try to at least apply for them. You should try to find scholarships available. You should also need to make sure that you are qualified to apply for it otherwise it will be just a waste of time.
If you can afford the time, you should take a part time job. The nature of the job is not an issue as long as it is not something illegal. It will be a good idea to have a part time job to fund your education. However, you will need to have a balance between your time for working and studying. You should try to focus on studying instead of working. You have to always remember that you are just working in order to fund your education.
However, during the summer vacation, you should work harder so that you can have more fund for your education after the vacation. There are students who are reluctant to take any summer job but you should not be like that if you would like to make your debt burden smaller after you leave the college.
If possible, the last thing you should do is to try to find a less expensive college. In most cases how much you learn does not have any correlation with how much you pay for the education. However, we usually have our own preference for colleges. As a result, you may not consider this method unless it is totally impossible for you to fund your education.
Article Source: http://www.articlehighlight.com
The author has great interest in finance. You can check his blog on News Finance Forex and Debt Management. Be sure to check Credit Cards with Cash Rebate and Top Five Forex Trading Tips.
April 8, 2008
Do You Need A Financial Adviser?
By Rachel Yoshida
If you have spent years putting away a little money here and there in a regular old bank savings account that is really not growing your money as much as you would like, maybe it is time for you to think about a professional financial adviser. Sometimes when people get a little nest egg saved away, they are afraid to take any chances in investing it anywhere for fear of losing it.
This is a real fear and a real risk. We all know how difficult it is to save even a little money and when you have managed to save away several thousand or more, it is scary to think about risking it in any way even on the chance that we could double or triple the amount. A bird in the hand you know. There are some fairly safe ways to invest your savings today. The thing about doing it is that your average person does not know the difference between an IRA and a 401K.
A professional investment broker might cost you a little money to employ, but it could very well be worth it even you do not have a huge sum of money to work with. They know all the ins and outs of the financial world that we would be lucky to understand even if we tried. If you seek the opinions and help of a financial expert, you will need to make sure that they are affiliated with the FSA, Financial Services Authority. This way you will know that you are dealing with someone who has met the requirements to legally advise you.
You could choose to let your money sit in an account that will only earn you meager interest every year or you can choose to make it work better for you. If you have a local bank that you use, you might consider talking to them first and they might be helpful in giving you some better ways to help your money grow. This advice is likely to be free, but you should make sure you know all the details about any investment ventures that you choose.
If you use the internet, you can find free information about all types of money market accounts and how to find out what types of investments might be right for you before you do any actual investing. Arming yourself with as much knowledge as you can makes investing a lot safer.
Article Source: http://www.articlehighlight.com
Rachel Yoshida is a writer in the field of finances and is currently assisting those in need of no fax payday loans, and can help anyone get a Los Angeles payday loan in as little as 1 hour.
If you have spent years putting away a little money here and there in a regular old bank savings account that is really not growing your money as much as you would like, maybe it is time for you to think about a professional financial adviser. Sometimes when people get a little nest egg saved away, they are afraid to take any chances in investing it anywhere for fear of losing it.
This is a real fear and a real risk. We all know how difficult it is to save even a little money and when you have managed to save away several thousand or more, it is scary to think about risking it in any way even on the chance that we could double or triple the amount. A bird in the hand you know. There are some fairly safe ways to invest your savings today. The thing about doing it is that your average person does not know the difference between an IRA and a 401K.
A professional investment broker might cost you a little money to employ, but it could very well be worth it even you do not have a huge sum of money to work with. They know all the ins and outs of the financial world that we would be lucky to understand even if we tried. If you seek the opinions and help of a financial expert, you will need to make sure that they are affiliated with the FSA, Financial Services Authority. This way you will know that you are dealing with someone who has met the requirements to legally advise you.
You could choose to let your money sit in an account that will only earn you meager interest every year or you can choose to make it work better for you. If you have a local bank that you use, you might consider talking to them first and they might be helpful in giving you some better ways to help your money grow. This advice is likely to be free, but you should make sure you know all the details about any investment ventures that you choose.
If you use the internet, you can find free information about all types of money market accounts and how to find out what types of investments might be right for you before you do any actual investing. Arming yourself with as much knowledge as you can makes investing a lot safer.
Article Source: http://www.articlehighlight.com
Rachel Yoshida is a writer in the field of finances and is currently assisting those in need of no fax payday loans, and can help anyone get a Los Angeles payday loan in as little as 1 hour.
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